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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Mark ☼  😊 😞
Number: of 22353 
Subject: Re: BRK: Why Not XOM?
Date: 12/15/24 3:57 AM
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No. of Recommendations: 11
In Massachusetts, electricity rate including delivery is about 30 cents/kWh, so 100 miles would cost 0.3*34.6 = $10.38. Most combustion sedans have average driving distance of 30 miles/gallon, 100 miles would cost 3.3 gallon and $10 with $3/gallon price. There is no saving on fuel cost with EV in the United States.

A few points:
1. Average electricity cost in USA is not 30 cents/kWh, it is closer to 15 cents/kWh.
2. Most ICE sedans do NOT get a real-life 30 mi/gal.
3. Comparable performance ICE sedans get less than 20 mi/gal in the real world.

My personal experience is -
* Previous ICE sport sedan - got about 50 miles out of $10 of gasoline.
* Current EV sport sedan - get over 250 miles out of $10 of electricity at home (50 weeks/yr).
* Current EV sport sedan - get about 110 miles out of $10 of electricity on the road (2 weeks/yr)

Also -
Previous ICE sedan - rarely got free gasoline, only when redeeming points or discounts.
Current EV sedan - get free charging all the time, at the supermarket, at the movie theater, at TopGolf, at two of the hotels I stayed at last summer, at city hall, at the courthouse, etc.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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